Scholastic Shares Fall After Worse-Than-Expected Q4 Results: Details - Scholastic (NASDAQ:SCHL)

　　Scholastic Corporation SCHL reported its fourth-quarter financial results Thursday. Here's a look at the key figures from the report.

　　The Details:Scholastic reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 by 34.96% and represents a 23.45% decrease in earnings from the same period last year.

　　Quarterly sales came in at $474.9 million which missed the analyst consensus estimate of $552.496 million by 14.04% and is a 10.11% decrease year-over-year.

　　“Scholastic made significant progress last quarter advancing our 360-degree content creation strategy, as we expand our opportunities as a global childrens media company,” saidPeter Warwick, CEO of Scholastic.

　　“With the addition of the award-winning 9 Story Media Group to our portfolio, announced in March and closed last month, our new Scholastic Entertainment segment has gained industry-leading production, distribution and licensing capabilities, an extensive childrens content library, and a highly talented team,” Warwick added.

　　Outlook: Scholastic expects fiscal 2025 revenue growth of 4% to 6% and is targeting Adjusted EBITDA of $140 to $150 million, reflecting the partial-year contribution of 9 Story Media Group, partially offset by continuing spending on key growth initiatives and the impact of ongoing pressure on consumer and school spending. In its fiscal first quarter, the company expects a seasonal loss approximately in line with the prior year.

　　SCHL Price Action:According to Benzinga Pro, Scholastic Corporation shares are down 6.97% after-hours at $34.01 at the time of publication Thursday.

　　Image: Gerd Altmann from Pixabay

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